SYDNEY - China has mandated investment banks to work on a three- and five-year U.S. dollar bond issuance in Saudi Arabia, showed a term sheet reviewed by Reuters on Friday. The issuance will be senior, unsecured fixed-rate bonds, subject to market conditions, the term sheet showed.
China is saving its fiscal ‘firepower’ for Trump tariffs: Expert
Chinese stocks — according to the CSI 300 Index (000300.SS) — hit a one-month high on stimulus optimism from the government and better-than-expected export data despite concerns about the impact of President-Elect Donald Trump's proposed tariffs.
Rushdie’s ‘Satanic Verses’ can be imported in India as court told 1988 ban order untraceable
India's three-decade ban on importing author Salman Rushdie's controversial 'The Satanic Verses' book has effectively been lifted after a court said the government was unable to produce the original notification that imposed the ban.
Elon Musk hails India’s decision on satellite spectrum allocation as ‘promising’, but Indian telecos may feel otherwise
Elon Musk has expressed approval of India's decision to allocate spectrum for satellite broadband services instead of auctioning it. This move, announced by Communications Minister Jyotiraditya Scindia, aligns with international practices. Musk responded w ...
China is trying to fix its economy. Trump could derail those plans
Trump won the election on a platform that promised steep import taxes, including tariffs as high as 60% on Chinese-made goods. His victory is now likely to hinder Xi Jinping’s plans to transform the country into a technology powerhouse – and further strain relations between the world’s two biggest economies.
New Chinese stealth fighter to take centre stage at China’s biggest air show
China's new J-35A stealth fighter jet will be displayed for the first time next week at the country's biggest civil and military air show, a biennial event where Beijing showcases its expanding aerospace industry.
Japan spent $20.7 billion on currency intervention on July 11
TOKYO (Reuters) - Japan spent 3.168 trillion yen ($20.69 billion) on dollar-selling intervention on July 11 and 2.367 trillion yen on July 12, quarterly data from the Ministry of Finance (MOF) showed ...
Japan’s Kato Discusses FX With Yellen After Ramping Up Warnings
Japan’s Finance Minister Katsunobu Kato discussed developments in the foreign exchange market with US counterpart Janet Yellen, a day after he intensified warnings over a rapid slide in the yen.
Shakib Al Hasan’s bank accounts seized
The Bangladesh Financial Intelligence Unit (BFIU) has seized all bank accounts of former Bangladesh national cricket team captain and ex-member of parliament Shakib Al Hasan ...
Indonesia shares lower at close of trade; Jakarta Stock Exchange Composite down 1.38%
Indonesia equities were lower at the close on Thursday, as losses in the IDX Finance, IDX Infrastructure and IDX Agriculture sectors led shares lower. At the close in Jakarta, the Jakarta Stock ...